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CNBC
Aug 17, 2009 7:00pm EDT
joins us now with a look inside the bond market. rick? >> thank you, tiler. it was a big up price down yield day for treasuries in response to the softness in the equity markets. as you look at this intraday chart of ten-year note yields, it's interesting to see. but what is really interesting is the five-year, the mid part of the curve led the drop in dwreelds and the buying that was going on by investors nationally, and globally. it had a sense of. but the ten-year by the end of the day, when equities had no bounce to put forth, did play catch-up and ended up ten basis points lower. the next chart, a couple months, you can see these lowest yields in about a month, july 13th, a month plus. now, the dollar was also part of the safety game today. as a matter of fact, for two reasons. on the one hand, the china story, lower equities. definitely puts a question mark in some of the aggressiveness or the future aggressive possibilities for commodities. so the tail wagging the dog, commodities, dollar denominee commodities moving down. but the dollar in and of itself is a safe harbor, as wel
CNBC
Aug 5, 2009 7:00pm EDT
estimates of wall street traders. aagree. capitalist wall street has given us better than expected results. even with a slight rise in revenues, they will come heavy as economic recovery takes hold. a big profit push that will give stocks a lot more value and means the bull market continues well into next year in my judgment. it will get back to 1,000, go to 1100, and go to 1200 in the s&p. that is pre-lehman, that's what i want you to think about. that's why i'm more than happy with these market pullbacks and corrections that may or may not come. first-up this evening, speaking of the new bull market, today's slight pullback was healthy. let's go to cnbc's matt. hello, matt. >> interesting day, we had three economic data points before we even got rolling and investors chose to ignore the real surprise, an increase in factory orders and focus again on the preliminary jobs data, the adp, which has now taken on more and more respect ahead of the big one coming out friday. the adp an services data coming out weaker than expected and snapped the momentum in terms of improving economic
CNBC
Aug 19, 2009 7:00pm EDT
in america. if a foreign government came to us for that information we'd have no information to give them, the irs doesn't collect i. every foreign country can come over and say hand over information us to about our citizens, you made the swiss do it. that that. hugo chavez in venezuela stealing his citizens' property everyday comes to the u.s., these people are evading my taxes. hand that information over to me. you made the swiss do it by. this action, we give him the right to do that. you still don't think tax havens are about preventing tierney. remember why swiss banking privacy laws were strengthened in the first place to help jewish people hide their assets from the gustapo. i do not advocate people cheating on their taxes but tax havens help people keep their taxes lower by providing tax competition. no surprise countries like france and germany are the biggest complainers because they have the highest taxes and want the rest of the world to have the highest taxes as well because they don't want to compete. the u.s. is getting there. some say it was a win for america. ot
CNBC
Aug 3, 2009 7:00pm EDT
. cnbc's brian joins us, the full rundown on the story. you were working hard today.y. >> you know, larry, it's not about technicals or fundamentals, it's also psychological levels. i'll tell you what i'm talking about. when it comes to the s&p 500 and the dow, these are levels we have not seen since november the 5th. that number, of course, over 1,000 on the s&p 500. we go to the nasdaq over 2,000, we haven't had a close at that level since october the 1st. so that's where we are psychologically. i want to start with alcoa, the best percentage gainer, 7%, of course that commodities play is in full force. bank of america. how about the day bank of america. they settle a dispute for $33 million, they're wondering what the secession, the plan, they were the number two gainer, up 3.6% up on the day and then we get ford, on any day these would be leaders, they had the first uptick, up 4%, but i want to point out to the year-to-date on february the 20th, this stock traded $1.58.8. here at the nasdaq, we focussed all day on apple and google, google ceo eric schmidt out on the apple board
CNBC
Aug 10, 2009 7:00pm EDT
kudlow report," paul krugman says big government saved us from a second big depression. is he right, is he right for the wrong reason or glad-out wrong? plus, new bull market or summer rally correction?? and is the town hall stick up health care on americans, is it astro turf or concerned citizens, trying to save america? and eric pelosi and the interior democratic congress. 550 million bucks. that's why republicans are smiling. fasten your seat belts, everybody. "the kudlow report" begins right now. of. . >>> i'm larry kudlow. welcome back to the kudlow report, where we believe free market capitalism is the path to prosperity. there is a lot of talk of big government savoring america, or from a health care meltdown according to president obama. well, i really don't think big government saves us from anything. at the end of the day, economic freedom, market competition, and free enterprise are the greatest engines for growth. we'll have these debates tonight on big government and health h care, but i want to weigh in on the new bull market and the new economic recovery. the single-g
CNBC
Aug 14, 2009 7:00pm EDT
actually did get up and use the term bull to the president of the united states after they discussed cable tv news. here's randy raferty from montana. >> i believe in our constitution, and it's a very important thing. i also get my news from the cable networks because i don't like the spin that comes from them other places. >> oh, you've got to be careful about them cable networks. go ahead. go ahead with your question. >> we keep getting the bull. that's all we get is bull. you can't tell us how you're going to pay for this. the only way you're going to get that money is to raise our taxes. you said you wouldn't. >> you are absolutely right that i can't cover another 46 million people for free. but let's assume it costs about $30 billion a year over ten years, we do have to come up with that money. when i was campaigning, i made a promise that i would not raise your taxes if you made $250,000 a year or less. that's what i said. but i said that for people like myself who make more than that, there's nothing wrong with me paying a little bit more in order to help people who got a litt
CNBC
Aug 25, 2009 7:00pm EDT
will be with us in a moment to help us discuss this, along with john tamney of real clear market. firstoff, pearson joins us now with the full report. was anybody surprised down there, hampton? >> the timing, yes, overall, probably not, president obama interrupting his martha's vineyard vacation to make the announcement appointing ben bernanke as second term of federal reserve. the president said ben bernanke has already made history. >> good morning, everybody. as expert on the causes of the "great depression," i'm sure ben never imagined he would be part of a team responsible for preventing another but because of his background, his temperament, his courage and creativity, that's exactly what he has helped to achieve. that is why i am reappointing him to another term as chairman of the federal reserve. >> and for his part, the fed chairman sounded like he was warming up for his senate confirmation hearing. >> mr. president, i commit today to you, and to the american people that if confirmed by the senate, i will work to the utmost of my abilities, with my colleagues at the fede
CNBC
Aug 7, 2009 7:00pm EDT
. let us give them c. as for today's job market reports, this came in at minus 247,000 jobs there. was a 43,000 improved revision from the prior two months but the whole total beat the street consensus of $300,0300,000 loss. is it possible cash for clunkers is helping with manufacturing hours? we may see the first positive production report out in a couple days, this july, be the first positive one since last october. but in truth there, are negatives, i want to be balanced. the labor force is still shrinking, that is not good. jobs are still dropping, that is not good. i don't think today's 9.4% unemployment rate is going to hold as the peak. former labor secretary robert reich and last night's bullish jobs man joe lavorgne will hash all this out in a little while. let me again underscore my take on the new bull market and the turning point towards economic rebound. these are transformational issues that are changing the investment and business landscape. as for investors out there, you have earned a wee bit of optimism after two really rough years. that's my take. first up this eveni
CNBC
Aug 18, 2009 7:00pm EDT
step towards government takeover of health car care. >> with us now is our dynamic you do woe, cbs contributor robert reich, whose book is called "super capitalism" and stev steven moore, "the end of prosperity." i have such a headache on this issue and i don't know who's going to pay for the aspirin. robert, i know you are in favor of the public option but should the president be pragmatic now that the polls are against him and saying it's not going to happen. should he give up. >> he should not give up because a public option is very critical. you have to have competition amongst the insurance companies, there is not enough competition. we saw monday insurance stock soared over rumors on the weekend the president is backing down from the public option. it's all about money and the more money they make, the more health insurance will cost. number two, the white house has to be very specific the president is not going to sign a bill that doesn't have this in it. all the waffling that's gone on over the last two or three days an waffling whether the president has a deal with big pha
CNBC
Aug 26, 2009 7:00pm EDT
bernanke's interest rate policies, joining us brian westbury, first trust chief economist author of the upcoming book "it's not as bad as you think." i love that and our great friend, joe bat tag lyia of nicolaus. let me ask you, when you go to sleep and dreaming, do you dream of a v-shaped recovery. >> absolutely. i was on the golf course the other day, i thought i hit a v-shaped shot, turned out i hit a sprinkler head. i see this everywhere i look, whether housing numbers, durable goods, ism reports, copper prices, oil prices, baltic freight shipping index, the stock market. this economy is bounced off a panic low and we are seeing a very powerful spurt of growth here. i think it will carry us well into 2010. >> you can see that chart durable goods orders out today, the three month moving average jumping out nicely. we have the core investment number subject to misinterpretation if we can get that up on the full screen, the capex-number. the oddses for july fell slightly only because june was revised up substantially. if you smooth a little bit, you're growing at almost 40% annual rat
CNBC
Aug 6, 2009 7:00pm EDT
660,000 in march, the four week average people use for smoothing and all the way down to 550,000 currently. let me go to the next chart. this is the longer turn run of non-farm payrolls. it's interesting. this is pre-lehman going back right here. we had what i would describe as a fairly mild recession. here's the lehman problem right in here is where it starts. >> larry, you know what the average was pre-lehman? 150 a month. >> 150 a month. you can see how this starts to crater and gets to 700,000 and stays there painfully during the fall and winter. but lately, it has been slowing down, although last month threw is a curveball. how do you read this? you have a basic trendline growth. how many months before we see a positive jobs number. >> if we're right tomorrow, we could see a positive by the fourth quarter. absolutely. >> october, december in there. >> absolutely. >> you are looking for slight rise in unemployment. >> 9.6. you have to wonder if the job market is stabilizing it may not go much over 10% and if we stabilize next month, it may go down. >> just put this up on the
CNBC
Aug 13, 2009 7:37pm EDT
. >> you keep using a ridiculous poll from a crazy website. right now you're just waiting carbon dioxide on that one. this is not crazy anger. something you said during the last segment, oh, there's nothing to these death panels. any senator, any politician who votes for this bill without knowing exactly what those commissions are going to be doing, this is what congress always does so that they don't have the responsibility for covering abortion. i mean, the idea that democrats have passed a health care bill that doesn't cover abortion is -- you want nuts, that's nuts. >> we're not talking about abortion. >> they create all these commissions, like a death panel and congressmen vote for it and a commission makes findings and the courts say i guess abortion is covered and the senators come out and say gosh, if i had known that, i wouldn't have voted for the bill. >> you know what's funny is governor palin and newt gingrich eight months and two years ago specifically supported and wrote legislation describing exactly, quote, the death panels you are so worried about. they are not death pan
CNBC
Aug 21, 2009 7:00pm EDT
investors to tell us how to play this market. here now is jim, senior vice president portfolio manager at macro portfolio advisers, bob frolic author of "bull for all seasons," and don strausheim. knows a lot about china. we love having him on with news on china. bob, let me start with you. we've had such a tremendous run, not just this week, with the 2% gain amongst all of the averages, but for weeks now. is there still time to get in? or are we going to get kicked in the knees here? >> i think there is time to get in. that doesn't mean that every week we're going to set a new all-time high. we're going to have pullbacks, which will be very healthy for the market. but why i think we're going to continue to see it move is i think it's going to be an earnings-driven rally, i think corporations really did a tremendous job cost cutting downsizing and getting rid of a lot of the fat. and i think productivity is booming and that's what's going on. we're seeing earnings are going to start driving the economy and ultimately i think it'll start turning employment around, as well. >> ji
CNBC
Aug 20, 2009 7:00pm EDT
. >> i think people are of the opinion that the worst lay behind us. we need to start thinking about how to proceed from here. >> reporter: doesn't mean we're out of the woods by any stretch of the imagination a. lot of debate, has policy worked? if it has, is it time to start scaling back? when to make the turn is also a very key issue here, when the fed should start raising rates and pulling back on some of the accommodation out there. also, the issue of growing deficit concerns when it comes to the treasury with trillion deficit. how does it turn into monetary policy? does it mean the fed has to be tighter? finally, call it trail talk, the issue whether or not ben bernanke will be reappointed. not an issue formally but certainly in the hallways discussed much on the trail. >> yeah. the water cooler discussion, as they like to say. >> water cooler. >> don't move. the news we broke on the incredibly shrinking deficit was confirmed by treasury secretary tim geithner as another sign this turn around is legitimate. >> the estimates of the deficit will be somewhat lower than we expected
CNBC
Aug 27, 2009 7:00pm EDT
the greatest story never told. we have two titans of wall street, famed investor giving us their new bull market strategy. the fdic insurance fund is back at savings and loan crisis level with over 400 banks on the problem list. is your money safe? fasten your seat belts, everybody. "the kudlow report" begins right now. >>> good evening, everyone. i'm larry kudlow. welcome back to "the kudlow report" where we believe free market capitalism is the best path to prosperity. we have live pictures from outside the kennedy library in boston this evening where ted kennedy's casket now lies. the library will be open for public viewing tonight and tomorrow morning. the private memorial scheduled tomorrow afternoon when senate colleague john mccain is scheduled to speak. president obama will deliver a eulogy at a funeral on saturday before ten did i's casket will be flown to arlington national cemetery near washington where he'll be buried near the gravesite of his brothers john and robert, and may they all rest in peace. so a question this evening, will the passing of the liberal line of the
CNBC
Aug 11, 2009 7:00pm EDT
in a moment and tell us why he pulled the plug on banks which resulted in the sell-off. first a look at the pullback in total, could be a great opportunity for investors to get back in. let's get to sharon epperson for the full stock market central report. hello, sharon. >> it shouldn't be a surprise we had a little weakness today ahead of the federal reserve tomorrow and after a tremendous run-up in stocks over the last four weeks. the modest sell-off at wall street was really thanks to bank stocks and dragging those broader markets lower. it wasn't so bad. dow cut its early losses in half. financials weak but finished off lows. and energy stocks continued to lag. it really was comment from dick bove we will hear from in a few minutes, that caused the bank stocks to skid. he said banks were running on fumes despite a recent rally and doesn't anticipate improvement in the second half. bank of america, travelers, chase, american express, ge were all under pressure. shares of cit said it would file for bankruptcy if it couldn't secure reliable debt financing. we had energy shares
CNBC
Aug 4, 2009 7:00pm EDT
you will use fiscal stimulus as washington insist, i favor extending the cash for clunker car rebate program. start slamming me or take it out in the e-mails or wherever. in brief, the clunker for cash program has become a national pastime everyone is talking about. people are flooding into the car dealers there, even buying used cars if they can't get a new one. the consumer spirit needs this boost. this government money actually leads to car purchases, not just welfare type transfer payments. it will create more production, more jobs, better incomes and higher tax revenues, and, heck, it's a mere $2 billion and compare that to the trillions of wasted dollars washington has already thrown around the country and add up. i think this is a bargain basement deal that is actually going to do some good. so there. i know you will slam me, i'm supposed to be a free market capitalist, i am. but sometimes no good deed goes unpunished. a foolish consistency is the hobb goblin of little minds. i think the new market will be helped by improved consumer spirits and that will result from fi
CNBC
Aug 12, 2009 7:00pm EDT
much, which will slow future prosperity and buy us a system toward inflation. in the short run, excess liquidity from the fed may be good for stocks. in the longer term, it is not good for stocks or the economy, or your pocketbook. that's my take. we will talk about this at several points during the show with our fedex expert and our investors. now, first up, let's look at this triple digit gain and go to rebecca jarvis whose has the inside look at stock market central. hello. >> hello, the two day losing streak comes to an end and stocks hit their high just after the statement. you heard it on the economy. things are leveling out. traders read that as stable day, a hint of optimism. bullish news out of toll brothers. they went up 3.05. and we'll talk about it later on the show. you do see the upside all the home buildersment macy's beat expectations and raised guidance and said the new store concepts based more on regional taste are working. it got a big pop and since the march low, it's already up over 100%. from tech land, upbeat report said demand is improving and financials. light
CNBC
Aug 31, 2009 7:00pm EDT
victoria kennedy said she's not interested in the job. now all of this matters to those of us who are not from massachusetts because without either an interim successor or until the special election in january, the democrats are down to 59 votes. one vote shy of that supermajority that would allow democrats in the health care debate or for that matter in any other debate -- but health care is all that matters now here on the hill -- to cut off the debate. the anti-filibuster vote. whether they get a special appointment, that's the big question. will they get somebody to sit in for ted kennedy between now, let's say the end of september, if the state legislature of that liberal state changes the law and allows patrick to pick a democrat and a "yes" vote on obama health care. or will the democrats here on the hill and people back home in massachusetts, have to wait until january, even february, to have somebody fill ted kennedy's seat? that's the big question and it could maybe impact the health care vote and the plan we get for the country. >> the health care vote is the most important
CNBC
Aug 28, 2009 7:00pm EDT
handelsman joins us live from the kennedy library in boston with some of the details. hello, steve. >> reporter: larry, good evening to you from the jfk library. the arrivals here showed off who's who of democratic politicians across america and the enormous kennedy clan, almost 100 family members arrive for what they feel will be a mixture of both sadness and joy as they celebrate the life of their patriarch, ted kennedy. two you named, two big republicans and may be a couple more. we expect perhaps both president bush 41 and president bush 43 to be on hand for at least some of this service, not confirmed yet, we haven't seen them out here. but orrin hatch was here, one of the staunchest conservatives in the u.s. senate but marked ted kennedy as a strong personal friend and john mccain, another conservative said he loves to fight with ted kennedy on the senate floor and loved to get together with him afterwards. both those republican senators will speak positively about ted kennedy here tonight. earlier was the more public remembrance of ted kennedy, of thousands of mourners came
CNBC
Aug 24, 2009 7:00pm EDT
bank failures. some are predicting an epidemic. cnbc's hampton pearson joins us now with the details. hello. >> hey, larry. the score card, 81 so far this year, including 17 just in the month of august. frankly, in the calendar year term, the worst since 1992. but as we approach the one-year anniversary of the financial system collapse, remember, last september, the fdic was dealing with a $307 billion washington mutual failure, which followed the $31 billionin demac collapse last july, and leading bank analysts are predicting 150 to 200, perhaps 300 additional banks will fail, basically with healthy banks paying more in special assessments to replenish the fdic fund. >> i think it's fanciful to believe that the industry can finance this in the short term merely through assessments. i think that fdic is going to have to formally pull on its credit line with the treasury to keep the visible balance such that we don't cause public unease. because they're not going to run out of cash. >> now, the fdic has been working with sharing the losses. when the board meets wednesday afternoon, it
Search Results 0 to 20 of about 21